Calculate private saving-public saving and national saving

Reference no: EM13223418

Economist in Funlandia, a closed economy, have collected the following information about the econonmy for a particular year.

Y= 10,000
C= 6,000
T=1,500
G= 1,700

The economists also estimate that the investment function is:

I=3,300-100r

where r is the country's real interest rate, expressed as a percentage. Calculate private saving, public saving, national saving, investment and equilibrium real interest rate.

Reference no: EM13223418

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